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    coal investing

    Minister Reserves Corrective Coal Action Right, Pleads for Industry Cooperation

    Investing News Network
    Feb. 02, 2011 06:37PM PST
    Industrial Metals

    Mining Weekly.com reports that the South African Mines minister is taking action to make sure that South African has enough coal to generate power.

    Mining Weekly.com reports that the South African Mines minister is taking action to make sure that South African has enough coal to generate power.

    The editorial  is quoted as saying:

    Shabangu told the packed McCloskey coal conference in Cape Town that the growth of electricity demand in South Africa had resulted in the erosion of State power utility Eskom’s generation reserves, resulting in a shortfall of coal supply.

    To access the full editorial, click here

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